Foreign currency revaluation check box in the Main accounts - chart of accounts form
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Example
The accounting currency is USD (United States dollars). You make an entry in CAD (Canadian dollars) on a ledger account, but the balance on the account is calculated in USD. The CAD amount is converted by using the exchange rate for CAD that applies to the current date, as set up in the Currency exchange rates form.
If the exchange rate changes at a later date and you want the balance on the account to be updated to reflect the new exchange rate, you can select this check box and run the Foreign currency revaluation periodic job. That job updates the balance of the account using the current exchange rate to calculate the value of the CAD transaction.
Tip
By setting up a currency exchange rate in the Currency exchange rates form, you can quickly see the current balance of an account that has foreign currency transactions on a specified date by clicking the currency button on the status bar.
Alternatively, you can view balances in foreign currencies in general ledger accounts in the Ledger balance form (Click General ledger > Common > Main accounts. Select an account. On the Action Pane, in the Balances group, click By currency.)
See also
Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).